Crude Oil Futures: Room for extra bounce – by pabspiovano Oil Commodities Energy OpenInterest Futures
CME Group’s flash data for Crude Oil futures markets noted traders added around 5.4K contracts to their open interest positions on Tuesday, reversing the previous day’s pullback. Volume, instead, reversed the prior build and shrank by around 121.4K contracts. Crude Oil rebounded markedly on Tuesday amidst rising open interest, which opens the door to potential gains in the very near term.
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